Lawyers Title Market Report

Apache Junction, AZ

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Apache Junction, AZ

Fri Aug 23 2019
This week the median list price for Apache Junction, AZ is $282,833 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has held steady at or around 80. Click here to stay informed with the Apache Junction market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Apache Junction, AZ

Fri Aug 23 2019
This week the median list price for Apache Junction, AZ is $282,833 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has held steady at or around 80. Click here to stay informed with the Apache Junction market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Apache Junction market.
Median List Price $282,833
Per Square Foot $166
Days on Market 109
Price Decreased 35%
Price Increased 15%
Relisted 1%
Inventory 80
Median House Rent $975
Most Expensive $824,900
Least Expensive $94,500
Market Action Index
Strong Seller's Market
50

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$550,000 2,743 1 - 2.5 acres 4 2 18 1 1 235
$387,000 1,960 1 - 2.5 acres 3 2 20 4 4 83
$249,499 1,733 0 - 4,500 sqft 3 2 14 2 4 41
$190,000 1,253 6,500 - 8,000 sqft 2 2 39 7 6 77